EIB, DBSA sign R1.4bn solar financing deal
Engineering News – ONLINE
06 August 2014
The Development Bank of Southern Africa (DBSA) has signed a R1.4-billion finance contract with theEuropean Investment Bank (EIB) to support the development of the 100 MW !KaXu concentrated solarpower (CSP) project, in the Northern Cape.
Engineering and technology company Abengoa is developing the plant near the town of Pofadder. The facility will collect solar energy using parabolic-trough technology and convert it into electricity in the steam cycle. Through a built-in molten salt storage system or the thermal energy storage, the plant will have capacity to store energy during off-peak hours and dispatch it during peak hours. Read more…
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